Collateral Bail Bonds: A Comprehensive Guide
When individuals are arrested and awaiting trial, posting bail is often their ticket to freedom until their court date. However, not everyone has the financial means to pay bail upfront. In such cases, collateral bail bonds offer a viable solution. Collateral bail bonds involve pledging assets as security to secure a defendant's release from jail.
How Collateral Bail Bonds Work
Collateral bail bonds function as a financial agreement between a bail bondsman, the defendant, and a cosigner (typically a friend or family member).